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Parque Arauco Accepts Offer to Sell 40 Percent Participation of Arauco Chillán SpA

SANTIAGO, Chile–(BUSINESS WIRE)–Parque Arauco S.A. (SSE: PARAUCO) (Bloomberg: PARAUCO:CI) (“Parque
Arauco” or “PASA”) announces the promise to execute a purchase and sale
agreement with Ameris Parauco Investment Fund, represented by Ameris
Capital Administradora General de Fondos S.A., for 40 percent
participation in Arauco Chillán SpA, a company that will have UF
1,250,000 (approximately US$ 52 million) in debt.

Arauco Chillán SpA operates the mall Arauco Chillán and will continue
under the management and control of PASA, with the remaining 60 percent
participation.

The price of the transaction is UF 1,050,937.96 (approximately US$ 44
million) and will result in a profit after taxes for Parque Arauco of
approximately Ch$ 23 billion (US$ 34 million). According to IFRS 10 this
profit will be recognized directly in equity and not as profit in the
income statement.

This transaction is dependent on several conditions and has until April
30, 2019, to be completed.

Currently, Parque Arauco has 1,053,000 m2 of total GLA in
Chile, Peru, and Colombia. The company inaugurated its first shopping
center in Chile in 1982, entered Peru in 2006 and Colombia in 2008. The
company’s assets include 8 regional shopping centers, 1 neighborhood
center, 4 premium outlet malls and 15 strip centers in Chile; 6 regional
shopping centers, 9 neighborhood centers, 2 premium outlet malls and 3
strip centers in Peru; 3 regional shopping centers and 1 premium outlet
mall in Colombia, as well as a land bank to contribute to the company’s
future growth plans. For more details, visit the company’s website: www.parauco.com.

Contacts

Tori Creighton
Head of Investor Relations
[email protected]
(56
2) 2299 0608

SANTIAGO, Chile–(BUSINESS WIRE)–Parque Arauco S.A. (SSE: PARAUCO) (Bloomberg: PARAUCO:CI) (“Parque
Arauco” or “PASA”) announces the promise to execute a purchase and sale
agreement with Ameris Parauco Investment Fund, represented by Ameris
Capital Administradora General de Fondos S.A., for 40 percent
participation in Arauco Chillán SpA, a company that will have UF
1,250,000 (approximately US$ 52 million) in debt.

Arauco Chillán SpA operates the mall Arauco Chillán and will continue
under the management and control of PASA, with the remaining 60 percent
participation.

The price of the transaction is UF 1,050,937.96 (approximately US$ 44
million) and will result in a profit after taxes for Parque Arauco of
approximately Ch$ 23 billion (US$ 34 million). According to IFRS 10 this
profit will be recognized directly in equity and not as profit in the
income statement.

This transaction is dependent on several conditions and has until April
30, 2019, to be completed.

Currently, Parque Arauco has 1,053,000 m2 of total GLA in
Chile, Peru, and Colombia. The company inaugurated its first shopping
center in Chile in 1982, entered Peru in 2006 and Colombia in 2008. The
company’s assets include 8 regional shopping centers, 1 neighborhood
center, 4 premium outlet malls and 15 strip centers in Chile; 6 regional
shopping centers, 9 neighborhood centers, 2 premium outlet malls and 3
strip centers in Peru; 3 regional shopping centers and 1 premium outlet
mall in Colombia, as well as a land bank to contribute to the company’s
future growth plans. For more details, visit the company’s website: www.parauco.com.

Contacts

Tori Creighton
Head of Investor Relations
[email protected]
(56
2) 2299 0608

leverton

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